XE Market Analysis: Asia – Jul 16, 2019

Better than expected U.S. retail sales helped Dollar sentiment in N.Y. on Tuesday, with the DXY printing one-week highs of 97.36. Better earnings from the likes of Goldman Sachs, JP Morgan, and Wells Fargo did little to lift Wall Street, as major indices remained on either side of flat for much of the session. Treasury yields moved higher as well, also supportive of the USD. EUR-USD dipped to five-session lows of 1.1208. USD-JPY managed a 108.35 high, up from 107.90 levels at the open. USD-CAD idled inside of a 1.3025-50 trading band, while Cable printed new trend lows of 1.2397.

Source: XE news feed
XE Market Analysis: Asia – Jul 16, 2019